Are you a contractor? If you work for someone else, it is important to know whether you are working for that person in an employed capacity or in a self-employed capacity as an independent contractor.
Your employment status will determine the charge to tax on income from your employment or self-employment. It will also determine the class of NICs, which are to be paid.
Umbrella Companies employ you for tax purposes and complete central returns for all their contractors. It's less hassle and more flexible for you but take home pay is typically less than that the limited company option.
The best option for you depends on your plans, 'one off' contract or 'contractor for life'? [Read More...]
Good, worth a call
Bar 2 is a specialist staffing services company providing individuals who are engaged in agency work with a compliant, tax-efficient method of pay.
With the choice of an Umbrella Company or CIS for the genuinely self employed, Bar 2 has the right solution for you, whether you are undertaking flexible working for the short-term or a freelance professional.
We offer a flexible service, if you wish to be paid monthly our set fee is reduced to just 45.00.
The Bar 2 Umbrella Company is a suitable employment method for anybody undertaking agency work.
You are entitled to all the statutory employment benefits that you would expect and the employment contract does not necessarily end when your particular assignment ends, meaning that your temporary contracts are all carried out under permanent employment.
Bar 2 is 'ok'. Friendly enough on the phone if you call, rather than register online. The website probably makes more sense to an experienced contractor rather than a first-timer.
A little on the expensive side, but within the acceptable range...just.
The Bar 2 sales team were knowledgeable and patient with our 'inexperienced' mystery-shopper. No issues to report and this umbrella company will do the job.
Quote Umbrella Compare code SCJOS when contacting Bar 2.
Note: introductory offers and promotions run by Bar 2 are subject to change without prior notice. Umbrella Compare is not responsible for offers current, planned or discontinued by Bar 2. See our terms and conditions for more details.
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With 4 votes, Bar 2 has an average review score of 2.3.
2.3 / 5.0 [4 Votes]
It's the basics... Compliance with Tax, VAT, PAYE and fiscal arrangements is mandatory for contractors regardless of whether you use an umbrella company or your own limited company.
Incredible then that there are still rogue umbrella companies and limited company accountants who expose their contractors to fraud. Umbrella Compare provides THE solution, we thoroughly vet all umbrella companies and limited company accountants that we list [Read more...].
Umbrella Compare provides a holistic overview of contracting with the aim of helping new and old contractors find the right payroll solutions. Contracting should be about focusing on the contract, not payroll, accounting, HMRC and bureaucracy.